Absolutely. And certainly the easiest of the bunch.Thanks for all the advice so far everyone, this has been extremely helpful and enlightening.
While I'd definitely follow this path if I was short on time or ambition, at the moment I really just want to make this work. It's already been such an education so far and it's only been a few days.
While looking through some more schematics, I found one that seemed like it would be a lot easier to produce and understand. It does, however, use tubes rather than solid state components. Is there any way I could change the circuit to work with transistors? Here is the schematic;
http://www.vintagehofner.co.uk/britamps/watkins/schematics/copicat.jpeg
Also, I'd probably want to lose one of the inputs, and 2 of the 3 play heads. Can this be easily done?
Since 5 of the 6 tubes in the circuit are triodes (and the 7th, a tetrode as amplifier - easily replaced with a triode) could all have transistor replacements. The "Bias Oscillator" circuit could probably be replaced with a simple 555 timer circuit (simpler and without the LC tank).
You would, of course, have to alter the PS voltage(s) to appropriate transistor levels.
And relatively careful transistor selection, especially for the "Record Amplifier" would be necessary but not at all difficult.
I like the idea...